Schibsted buys out the rest of SCM Spain to become 100% owner

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The Norwegian group Schibsted, which is listed on the Oslo stock exchange, has become the 100% owner of the company Schibsted Classified Media Spain (SCM Spain), after acquiring the 10% that it did not control in the company since it was made 90% of its capital in 2014. Although the company has not disclosed the amount of the operation, it indicates that the current value of SCM Spain would amount to €980 million.

It's important to note that SCM Spain owns the Fotocasa and Habitaclia real estate portals, as well as the InfoJobs, Coches.net, Motos.net, Milanuncios and Vibbo brands, which place it as a leading company in the Spanish online classifieds market. Fotocasa monthly records about 15 million visits, with 650 million page views, with a daily average of 380,000 unique users.

SCM Spain had a turnover of €155 million in the last year, closed in September 2018, with an increase of its income by 19%. SCM Spain achieved an Ebitda of €46 million. Worldwide, Schibsted enters more than €1,500 million per year, with 6,800 employees in 30 countries.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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